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LMIC reports dried distillers grains (DDG) averaged $136 per ton across 10 tracked markets last week, near year-ago levels even though corn is well below 2019 prices. Ethanol plant shutdowns during COVID-19 cut DDG supply and pushed its premium over other feedstuffs above normal.
Tight DDG supply keeps feed buyers paying a premium over corn and soymeal, though rations are slowly shifting away from DDG. Prices should normalize only as ethanol output recovers, so DDG stays firm relative to alternatives for now.
feedstuffs.comJun 29, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
